V.S. Industry Bhd
VS, an electronic manufacturing services (EMS) provider, stands to benefit from the recovery in the US and strengthening of the dollar. The US and China account for about 30% and 19% of sales, respectively, while domestic sales totals some 33%. 

Last month, the export-driven company posted stronger-than-expected 1QFYJuly2015 results — revenue increased 24.5% while PBT jumped an outsized 319% y-y on the back of greater economies of scale. 

Founded in 1982, VS has 11 factories in Johor, China and Indonesia. It manufactures electrical and electronic products, like coffee makers, vacuum cleaners, pool cleaners, for global brand names such as Keurig, Dyson and Zodiac.

Rolling 12-month ROE was 16.5% and gearing stood at 43.8%. The stock is trading a trailing 12-month P/E of 7.94 times and at 1.08 times book. VS has a 40% dividend policy. Dividends totalled 11.7 sen in FY2014, giving a yield of 3.6%.

This article first appeared in The Edge Financial Daily, on January 22, 2015.